M&M Q1 FY27 revenue rises 23% as auto and farm businesses accelerate
Mahindra & Mahindra reported Q1 FY27 consolidated revenue of Rs 41,920 crore and net profit of Rs 3,685 crore, beating estimates. Automotive volumes rose 23% and farm volumes grew 18%, though EBITDA margin narrowed to 12.2% from 13.9% a year earlier.
Mahindra & Mahindra reported Q1 FY27 profit and revenue above estimates, led by automotive and farm growth, though EBITDA and margin missed expectations. The board also approved merging Mahindra Investments into M&M, subject to regulatory and shareholder approvals.
Why this matters
M&M's results land within its recently projected 19-24% Q1 FY27 revenue-growth range. They follow signals on the planned Rs 525 crore transfer of M&M's truck and bus business to SML Mahindra.
Retail-company signals are accelerating, up 311325% QoQ.